B. The last known address or location of each person appearing to be the owner of the property, if an address or location is set forth in the report filed by the holder;

C. A statement explaining that property of the owner is presumed to be abandoned and has been taken into the protective custody of the administrator; and

D. A statement that information about the property and its return to the owner is available to a person having a legal or beneficial interest in the property, upon request to the administrator.

2. Publication not required. The administrator is not required to advertise the name and address or location of an owner of property having a total value less than $50 or information concerning a traveler's check, money order or similar instrument.

Sec. T-27. 33 MRSA §1963, as amended by PL 2001, c. 714, Pt. X, §1, is further amended by repealing and replacing the headnote to read:

§1963.__Public sale of unclaimed property

Sec. T-28. 33 MRSA §1964, as enacted by PL 1997, c. 508, Pt. A, §2 and affected by §3, is amended to read:

§1964. Deposit of funds

1. Deposit of funds; Unclaimed Property Fund; records. The administrator shall promptly deposit in the Abandoned Unclaimed Property Fund of this State all funds received under this Act, including the proceeds from the sale of abandoned unclaimed property under section 1963. The Abandoned Unclaimed Property Fund is a permanent account and may not lapse, but must be carried forward. The administrator shall record the name and last known address of each person appearing from the holders' reports to be entitled to the property and the name and last known address of each insured person or annuitant and beneficiary and with respect to each policy or annuity listed in the report of an insurance company, its number, the name of the company and the amount due.

2. Authorized expenditures; transfer of funds. The administrator may deduct: